Silver X Mining (CVE:AGX) Stock Price Down 7.7% – Here’s What Happened

Silver X Mining Corp. (CVE:AGX) traded down 7.7% during mid-day trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. 488,660 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 359,808 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.98 target price on shares of Silver X Mining and gave the company a “buy” rating in a research note on Tuesday, March 4th.

Silver X Mining Stock Down 1.1 %

The firm has a market capitalization of C$26.26 million, a price-to-earnings ratio of -2.34 and a beta of 0.57. The business’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.22. The company has a debt-to-equity ratio of 9.00, a quick ratio of 1.12 and a current ratio of 0.35.

About Silver X Mining

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru.